Leasing
Leasing is the process of leasing companies, essentially investment goods requiring large capital, to private and legal persons for a certain period of time in return for a contract. It is an agreement that provides for the lessor to leave the right of use of the property purchased from a third party or otherwise procured from a third party upon the demand of the lessee to the lessee in return for its price, in order to provide all kinds of benefits and on the condition that it is not terminated for a certain period of time.
It is the giving the right of the use of a product purchased or produced by a financial leasing company established pursuant to the relevant legislation to the lessee based on a financial leasing agreement for a certain period of time.
It is an agreement that provides for the ownership of a movable or immovable property to be transferred to the lessee for a certain period or for the entirety of its economic life, and the right of use to be transferred to the lessee for a certain price.
In financial leasing, the lessor may be the producer of the leased good (direct financial leasing) or an agreed financial institution (indirect financial leasing).
Independent rental companies do not always keep goods for the purpose of renting or selling, however purchase the relevant goods upon the demand of the lessee. Goods subject to financial leasing are investment goods that may generally be obtained with medium and long-term loans. When sufficient financing cannot be obtained to purchase the needed goods, financial leasing is a solution. Because financial leasing finances the entire investment project, and since the company may use its funds freely in other areas, the financing capacity of the company increases.
Who may carry out Leasing?
Joint stock companies and limited companies, self-employed professionals and tradesmen, sole proprietorships and all kinds of partnerships that aim to invest, expand their business and use their capital more efficiently and whose legal structure is authorized to make financial leasing transactions, have the opportunity to make leasing transactions.
Companies that provide production in every field or operate in different fields, farmers, doctors, dentists, business owners and entrepreneurs are among them.
Whether you need heavy equipment, working capital, technological systems or equipment, or are looking for a solution to your renovation/decoration needs. You may choose the financial leasing method instead of purchasing to increase your profit rate by strengthening your efficiency.
Which Products Can Be Subject to Leasing?
All goods that qualify as investment goods and movable and immovable properties may be subject to leasing. Pursuant to Law No. 6361; all kinds of movable and immovable property subject to depreciation may be subject to leasing. Yet, intangible assets (patent rights, intellectual and industrial rights), intermediate products, semi-finished products, spare parts and consumables cannot be subject to leasing. In addition, reproduced copies of licensed computer software and parts that constitute complementary parts and add-ons may also be subject to leasing, provided that they maintain their original nature.
Accordingly, in order for a property to be subject to leasing; there should be no parts or accessories other than those that are essential for its operation. Depreciation should be possible. It should not be a commodity that loses all its properties when used.
What are the types of Financial Leasing;
- Financial Leasing
Financial Leasing is a financing method that provides the right of use of an investment property to the lessee with determined rents, provided that the ownership remains with the leasing company, and the ownership is transferred to the lessee at the end of the contract period based on the symbolic value written in the leasing contract.
- Leasing Services
The lessee holds the right to use the property for 80% of the total life of the property and pays the determined price. The total rental period is less and the maintenance of the property rests with the leasing company. After the contract ends, the ownership of the property in question remains with the leasing company. The lessee may terminate the contract.
